Posts tagged “Dr Martin Pracher”

One of the many mysteries surrounding the sale of the Modestini Leonardo Salvator Mundi that fetched $450m at Christie’s on 17 November 2017 was the identity of the under-bidder who staked $370m. The Daily Mail would seem to have the answer:

“EXCLUSIVE: The world’s most expensive painting cost $450 MILLION because two Arab princes bid against each other by mistake and wouldn’t back down (but settled by swapping it for a yacht)

• Leonardo Da Vinci’s ‘Salvator Mundi’ sold at an auction last November for a record-breaking $405.3million
• It was later revealed the painting’s buyer was Saudi Prince Bader bin Abdullah
• Palace insiders said the purchase was on behalf of the country’s crown prince Mohammed Bin Salman, whose regime was criticized for the purchase
• De-facto United Arab Emirates ruler Mohammed Bin Zayed also sent a representative to bid on the painting at the Christie’s New York auction
• Neither knew the other was bidding, instead they both feared losing the auction to reps from the Qatari ruling family – fierce rivals of UAE and Saudi Arabia
• Qatar’s ruling family was offered the painting just a year earlier for $80 million
• Salman’s $450 million purchase was condemned by critics of his regime
• After facing criticism, he struck a deal with his Emirati counterpart to swap the painting for a superyacht also worth $450 million”

The Mail’s remarkable account rather makes monkeys out of those cheer-leading art market commentators who took the record price achieved by Christie’s as if a confirmation of the (untenable) attribution. See the whole account here:

The Royal Academy, having unsuccessfully requested the Dianne Dwyer Modestini Mark III Version of the painting for its (magnificent) Charles I Collection exhibition the day after the sale, may have had a close escape. Curators at the Louvre, who bagged the painting for their planned big Leonardo anniversary exhibition next year, might now be given pause for thought. The Mail article shows the $450m Salvator Mundi not as it was sold in 2017 but as it was exhibited in 2011 at the National Gallery in its Modestini Mark II version. Professor Martin Kemp necessarily reproduced the Modestini Mark II version in the 2011 edition of his book Leonardo but he continues to reproduce that now obliterated version in his new memoir Living with Leonardo – Fifty Years of Sanity and Insanity in the Art World and Beyond which goes on sale tomorrow.